UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1*
UNIVISION COMMUNICATIONS INC.
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(Name of Issuer)
CLASS A COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
914906102
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(CUSIP Number)
Joaquin Balcarcel
GRUPO TELEVISA, S.A.
Av. Vasco de Quiroga No. 2000,
Edificio A, Piso 4,
Colonia Santa Fe 01210, Mexico, DF
525-55-261-2000
COPY:
Joshua R. Cammaker, Esq.
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, New York 10019
212-403-1000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 19, 2006
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13(g), check the
following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover shall not be deemed to
be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 914906102 13D
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Grupo Televisa, S.A.
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)............................................................ [ ]
(b)............................................................ [X]
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3. SEC Use Only.......................................................
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4. Source of Funds (See Instructions)
WC, BK, OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)..............................................[ ]
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6. Citizenship or Place of Organization
Mexico
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Number Of 7. Sole Voting Power
Shares Bene-
ficially Owned 39,289,534(1)(2)
By Each
Reporting ------------------------------------------------------------
Persons With
8. Shared Voting Power
0
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9. Sole Dispositive Power
39,289,534(1)(2)
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10. Shared Dispositive Power
(0)
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
39,289,534(1)(2)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) .............................................[ ]
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13. Percent of Class Represented by Amount in Row (11)
11.4% (3)
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CUSIP No. 914906102 13D
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14. TYPE OF REPORTING PERSON (See Instructions)
CO
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(1) The filing of this Statement on Schedule 13D shall not be construed as
an admission by Grupo Televisa, S.A. that it or any of its affiliates
is the beneficial owner of any securities covered hereby for any
purposes other than Section 13(d) of the Act. Grupo Televisa, S.A.
disclaims that it constitutes part of a "group" with any other person
with respect to shares of Univision Communications Inc.
(2) Of this number, 6,000,000 shares of Class A Common Stock and a warrant
entitling the holder to purchase an additional 100,000 shares were
issued to Televisa on or about April 16, 2002, upon the closing of the
Fonovisa Purchase Transaction described in Item 4 of the Statement on
Schedule 13D filed with the Securities and Exchange Commission on
February 25, 2002.
(3) 11.4% when calculated on a diluted basis, based on 305,188,809 shares
of common stock of the Issuer outstanding as of March 13, 2006, as
reported on the Issuer's Form 14A filed on March 17, 2006, and
39,339,700 outstanding warrants.
This Amendment No. 1 (this "Amendment") amends and supplements the
Statement on Schedule 13D filed with the Securities and Exchange Commission on
February 25, 2002, by and on behalf of Grupo Televisa, S.A., a Mexican
corporation, with respect to shares of Class A Common Stock, par value $.01 per
share (the "Class A Stock"), of Univision Communications Inc., a Delaware
corporation (the "Issuer"). The principal executive offices of the Issuer are
located at 1999 Avenue of the Stars, Suite 3050, Los Angeles, California 90067.
Unless otherwise indicated, each capitalized term used but not otherwise defined
herein shall have the meaning assigned to such term in the Statement on Schedule
13D dated February 25, 2002. Unless specifically amended or modified hereby, the
disclosure set forth in the Statement on Schedule 13D dated February 25, 2002
shall remain unchanged.
ITEM 2. Identity and Background.
The information contained in Item 2 of the Statement on Schedule 13D dated
February 25, 2002 is hereby amended by replacing Schedule 1 attached thereto
with a new Schedule 1 attached to this Amendment, which Schedule 1 is hereby
incorporated by reference.
ITEM 4. Purpose of Transaction.
The information contained in Item 4 of the Statement on Schedule 13D dated
February 25, 2002 is hereby amended and supplemented by replacing the
penultimate paragraph thereof with the following:
The Issuer has announced a decision by its board of directors to engage in
a process to explore the Issuer's strategic alternatives to enhance shareholder
value, including the possible sale of the Issuer. In light of this, Televisa is
considering various alternatives to determine what, if any, course of action it
may pursue, including possible plans or proposals that relate to some of the
matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
However, no decision has been made as to the formulation of any such plan or
proposal, and there is no assurance that Televisa will decide upon any such plan
or proposal. Televisa has no agreements with any third party to form a group or
consortium with respect to the Issuer.
Televisa is also acting to designate a Class T director to the board of the
Issuer pursuant to its rights as holder of the Issuer's Class T shares to fill
the vacancy created by the resignation in May, 2005 of the previous Class T
director.
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Except as indicated in this Schedule 13D, none of Televisa, or to the best
of Televisa's knowledge, anyone listed on Schedule 1 hereto currently has any
specific plans or proposals that relate to or would result in any of the matters
described in subparagraphs (a) through (j) of Item 4 of Schedule 13D; however,
Televisa may develop or consider such plans or proposals in the future.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: April 19, 2006 GRUPO TELEVISA, S.A.
By: /s/ Joaquin Balcarcel
-------------------------------
Name: Joaquin Balcarcel
Title: Vice President - Legal and
General Counsel
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SCHEDULE 1
Executive Officers and Directors of Grupo Televisa, S.A.
The name, present principal occupation or employment, and the name of any
corporation or other organization in which such employment is conducted, of each
of the directors and executive officers of Grupo Televisa, S.A. is set forth
below. Unless otherwise noted, none of such persons beneficially owns any shares
of Class A Stock of the Issuer.
BOARD OF DIRECTORS
NAME AND BUSINESS ADDRESS PRINCIPAL OCCUPATION CITIZENSHIP
(UNLESS OTHERWISE INDICATED,
TITLES RELATED TO RELATIONSHIP
WITH GRUPO TELEVISA, S.A. OR
ITS AFFILIATES).
Emilio Azcarraga Jean(1) Chairman of the Board, President Mexico
c/o Grupo Televisa, S.A. and Chief Executive Officer and
Grupo Televisa, S.A. President of the Executive
Av. Vasco de Quiroga No. Committee of Grupo Televisa
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Maria Asuncion Vice Chairwoman of the Board Mexico
Aramburuzabala Larregui and Member of the Executive
c/o Grupo Televisa, S.A. Committee of Grupo Televisa and
Grupo Televisa, S.A. Vice Chairwoman of the Board
Av. Vasco de Quiroga No. and Member of the Executive
2000, Edificio A, Piso 4, Committee of Grupo Modelo,
Colonia Santa Fe 01210, S.A.de C.V
Mexico, DF
Alfonso de Angoitia Noriega Executive Vice President and Mexico
c/o Grupo Televisa, S.A. Member of the Executive Office
Grupo Televisa, S.A. of the Chairman and Member of
Av. Vasco de Quiroga No. the Executive Committee of
2000, Edificio A, Piso 4, Grupo Televisa
Colonia Santa Fe 01210,
Mexico, DF
Pedro Aspe Armella Chairman of the Board and Chief Mexico
c/o Grupo Televisa, S.A. Executive Officer of Protego
Grupo Televisa, S.A. Asesores, S.A. de C.V.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
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(1) Mr. Azcarraga is the beneficial owner of 18,750 shares of Class A Stock
in the form of stock options that are fully exercisable and that were granted to
Mr. Azcarraga by the Issuer in 2004 when he was a director of the Issuer. Mr.
Azacarraga has the sole power, directly or indirectly, to direct the vote and
the disposition of such shares. Such share ownership represents less
than .01% of the outstanding Class A Stock, calculated pursuant to Section
13(d)(3) under the Act. Groupo Televisa, S.A. disclaims any beneficial ownership
of these shares of Class A Stock.
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Julio Barba Hurtado Legal Advisor to the President, Mexico
c/o Grupo Televisa, S.A. Prosecretary to the Board
Grupo Televisa, S.A. and the Executive Committee
Av. Vasco de Quiroga No. of Grupo Televisa and Secretary
2000, to the Audit Committee of
Edificio A, Piso 4, Grupo Televisa
Colonia Santa Fe 01210,
Mexico, DF
Jose Antonio Baston Patino Corporate Vice President Mexico
c/o Grupo Televisa, S.A. of Television and Member
Grupo Televisa, S.A. of the Executive Committee
Av. Vasco de Quiroga No. of Grupo Televisa
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Alberto Bailleres Gonzalez President of Grupo Bal Mexico
c/o Grupo Televisa, S.A.
Grupo Televisa, S.A.
Av. Vasco de Quiroga
No. 2000, Edificio A,
Piso 4, Colonia Santa Fe
01210, Mexico, DF
Manuel Jorge Cutillas Covani Director of Bacardi Limited Spain
c/o Grupo Televisa, S.A.
Grupo Televisa, S.A.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Carlos Fernandez Gonzalez Chief Executive Officer and Mexico
c/o Grupo Televisa, S.A. Chairman of the Board of
Grupo Televisa, S.A. Grupo Modelo, S.A. de C.V.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Bernardo Gomez Martinez Executive Vice President and Mexico
c/o Grupo Televisa, S.A. Member of the Executive Office
Grupo Televisa, S.A. of the Chairman and Member of
Av. Vasco de Quiroga No. the Executive Committee of Grupo
2000, Edificio A, Piso 4, Televisa
Colonia Santa Fe 01210,
Mexico, DF
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Claudio X. Gonzalez Laporte Chairman of the Board and Mexico
c/o Grupo Televisa, S.A. Chief Executive Officer
Grupo Televisa, S.A. of Kimberly-Clark de Mexico,
Av. Vasco de Quiroga No. S.A. de C.V.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Roberto Hernandez Ramirez Chairman of the Board of Mexico
c/o Grupo Televisa, S.A. Banco Nacional de Mexico,
Grupo Televisa, S.A. S.A.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Enrique Krauze Kleinbort Chief Executive Officer of Mexico
c/o Grupo Televisa, S.A. Editorial Clio Libros
Grupo Televisa, S.A. y Videos, S.A. de C.V.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
German Larrea Mota Velasco(2) Chairman of the Board, Mexico
c/o Grupo Televisa, S.A. Chief Executive Officer
Grupo Televisa, S.A. and President of Grupo Mexico,
Av. Vasco de Quiroga No. S.A. de C.V.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Gilberto Perezalonso Chief Executive Officer Mexico
Cifuentes of Corporacion GEO, S.A.
c/o Grupo Televisa, S.A. de C.V. and Member of
Grupo Televisa, S.A. the Audit Committee of
Av. Vasco de Quiroga No. Grupo Televisa
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
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(2) Due to time constraints in filing this Amendment No. 1 to Schedule 13D, the
information regarding beneficial ownership of shares of Class A Stock by Mr.
Mota has not been updated from the Statement on Schedule 13D. Any change to such
information will be set forth in an Amendment hereto.
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Carlos Slim Domit(3) Chairman of the Board of Mexico
c/o Grupo Televisa, S.A. Grupo Carso, S.A. de C.V.
Grupo Televisa, S.A. and Telefonos de Mexico, S.A.
Av. Vasco de Quiroga No. de C.V. and President of Grupo
2000, Edificio A, Piso 4, Sanborns, S.A. de C.V.
Colonia Santa Fe 01210,
Mexico, DF
Alejandro Quintero Iniguez Corporate Vice President of Mexico
c/o Grupo Televisa, S.A. Sales and Marketing and
Grupo Televisa, S.A. Member of the Executive
Av. Vasco de Quiroga No. Committee of Grupo Televisa
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Fernando Senderos Mestre Chairman of the Board and Mexico
c/o Grupo Televisa, S.A. Chief Executive Officer
Grupo Televisa, S.A. of Grupo Desc, S.A. de C.V.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Enrique F. Senior Hernandez Executive Vice President and Cuba with
c/o Grupo Televisa, S.A. Managing Director of Allen residency
Grupo Televisa, S.A. & Company Incorporated in the
Av. Vasco de Quiroga No. United
2000, Edificio A, Piso 4, States
Colonia Santa Fe 01210,
Mexico, DF
Lorenzo H. Zambrano Trevino Chairman of the Board and Mexico
c/o Grupo Televisa, S.A. Chief Executive Officer of
Grupo Televisa, S.A. Cemex, S.A. de C.V.
Av. Vasco de Quiroga
No.2000,
Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
-------------------------------
(3) Mr. Slim is the beneficial owner of 8,500,000 shares of Class A Stock,
purchased between March 9, 2006 and March 20, 2006. These shares were acquired
by the entity Inmobiliaria Carso, S.A. de C.V. ("Carso"), of which Mr. Slim is
the indirect owner of 14.58%. These shares were acquired at per share prices
ranging from $32.60 to $34.41, with a weighted average price of $33.83. Each of
these transactions was effected on the New York Stock Exchange through a third
party broker. Such share ownership represents approximately 2.786% of the
outstanding Class A Stock as calculated pursuant to Section 13(d)(3) under the
Securities and Exchange Act. Mr. Slim's power to direct the vote and disposition
of each of such shares may be shared with Carso and/or other persons. These
shares were not acquired pursuant to any arrangement with Grupo Televisa, S.A.
Grupo Televisa, S.A. disclaims any beneficial ownership of these shares of Class
A Stock and is not part of a "group" with Mr. Slim or Carso within the meaning
of Section 13(d)(3) under the Act with respect to shares of the Issuer.
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EXECUTIVE OFFICERS
NAME AND ADDRESS CURRENT POSITION
Emilio Azcarraga Jean(1) Chairman of the Board, President Mexico
c/o Grupo Televisa, S.A. and Chief Executive Officer and
Grupo Televisa, S.A. President of the Executive
Av. Vasco de Quiroga No. Committee of Grupo Televisa
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Alfonso de Angoitia Noriega Executive Vice President and Mexico
c/o Grupo Televisa, S.A. Member of the Executive Office
Grupo Televisa, S.A. of the Chairman and Member of
Av. Vasco de Quiroga No. the Executive Committee of Grupo
2000, Edificio A, Piso 4, Televisa
Colonia Santa Fe 01210,
Mexico, DF
Felix Jose Araujo Ramirez Vice President of Telesistema Mexico
c/o Grupo Televisa, S.A. Mexicano
Grupo Televisa, S.A.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Maximiliano Arteaga Carlebach Vice President of Operations, Mexico
c/o Grupo Televisa, S.A. Technical Service and
Grupo Televisa, S.A. Television Production of
Av. Vasco de Quiroga No. Grupo Televisa
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Jose Antonio Baston Patino Corporate Vice President Mexico
c/o Grupo Televisa, S.A. of Television of Grupo
Grupo Televisa, S.A. Televisa
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Jean Paul Broc Haro Chief Executive Officer Mexico
c/o Grupo Televisa, S.A. of Cablevision
Grupo Televisa, S.A.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
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NAME AND ADDRESS CURRENT POSITION
Salvi Folch Viadero Chief Financial Officer Mexico
c/o Grupo Televisa, S.A.
Grupo Televisa, S.A.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Bernardo Gomez Martinez Executive Vice President and Mexico
c/o Grupo Televisa, S.A. Member of the Executive Office
Grupo Televisa, S.A. of the Chairman and Member of
Av. Vasco de Quiroga No. the Executive Committee of
2000, Edificio A, Piso 4, Grupo Televisa
Colonia Santa Fe 01210,
Mexico, DF
Eduardo Michelsen Delgado Chief Executive Officer of Colombia
c/o Grupo Televisa, S.A. Editorial Televisa
Grupo Televisa, S.A.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Jorge Eduardo Murguia Orozco Vice President of Production Mexico
c/o Grupo Televisa, S.A. of Grupo Televisa
Grupo Televisa, S.A.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Alejandro Quintero Iniguez Corporate Vice President of Sales Mexico
c/o Grupo Televisa, S.A. and Marketing of Grupo Televisa
Grupo Televisa, S.A.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
Raul Rodriguez Gonzalez Chief Executive Officer Sistema Spain
c/o Grupo Televisa, S.A. Radiopolis
Grupo Televisa, S.A.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
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NAME AND ADDRESS CURRENT POSITION
Alexandre Moreira Penna Chief Executive Officer of Innova Brasil with
Da Silva residency
c/o Grupo Televisa, S.A. in Mexico
Grupo Televisa, S.A.
Av. Vasco de Quiroga No.
2000, Edificio A, Piso 4,
Colonia Santa Fe 01210,
Mexico, DF
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